SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

           Pursuant to Section 13 or 15 (d) of Securities Exchange Act

                                  June 30, 2005

                                 Date of Report
                        (Date of Earliest Event Reported)

                           DRAGON GOLD RESOURCES, INC.
             -----------------------------------------------------
             (Exact Name of Registrant as Specified in its Charter)


  Nevada                       0-24370                         88-0507007
- ----------------         --------------------            -----------------------
(State or other          (Commission File No.)           (IRS Employer I.D. No.)
 Jurisdiction)

         Regents Place, 338 Euston Road, London, United Kingdom NW1 3BT
         ---------------------------------------------------------------
                    (Address of Principal Executive Offices)

                                (44) 207-416-4920
                         --------------------------------
                         (Registrant's Telephone Number)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions. (see General Instruction A.2. below).

*    Written  communications  pursuant to Rule 425 under the  Securities Act (17
     CFR 230.425)

*    Soliciting  material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
     240.14a-12)

*    Pre-commencement communications pursuant to Rule 14d-2(b) uner the Exchange
     Act (17 CFR 240.14d-2(b)).






Entry Material Agreement, Sale of Equity


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 22, 2005, Dragon Gold Resources,  Inc. (the "Company"),  entered into an
Offshore  Securities  Subscription  Agreement  ("Agreement"),  with Anglo  Asian
Resources, Inc. ("Anglo"), a Marshall Islands corporation.  Under the Agreement,
Anglo agreed to purchase  500,000  shares of the  Company's  common stock for US
$100,000 (or US $0.20 per share).

ITEM 3.02. UNREGISTERED SALES OF EQUITY SECURITIES

On June 30, 2005, pursuant to the Agreement, the Company agreed to issue 500,000
restricted  shares of the Company's  common stock to Anglo, in a transaction not
registered  under the Securities Act of 1933 (the "Act").  The Company claims an
exemption  from  registration  afforded by Regulation S of the Act  ("Regulation
S"), since the forgoing  issuance will be made to a non-U.S.  person (as defined
under Rule 902  section  (k)(2)(i)  of  Regulation  S),  pursuant to an offshore
transaction,  and no directed  selling efforts were made in the United States by
the issuer,  a distributor,  any of their respective  affiliates,  or any person
acting on behalf of any of the foregoing.






                                    SIGNATURES

     Pursuant to the  requirements  of the  Securities and Exchange Act of 1934,
the  Registrant  has duly  caused  this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: June 30, 2005         Dragon Gold Resources, Inc.

                            By:/s/ Johannes Peterson
                               -----------------------
                               Chief Executive Officer